Massachusetts S721 restricts investments by Commonwealth entities in firms linked to skilled nursing facilities and hospices.
Massachusetts S721 amends existing law to prohibit new investments by Commonwealth entities in banks or financial institutions that have loans to private equity firms or real estate investment trusts owning or investing in skilled nursing facilities or hospices. The bill defines key terms such as "Private Equity Firm" and "Real Estate Investment Trust," and emphasizes the need for investment diversification and professional advice.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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